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By Gregory Mannarino, TradersChoice.net
“The world’s central banks are responsible for creating a “market” for their product, “currency backed by nothing,” by fostering a population boom and consumers who are dependent on their product.”
—GM
The issue of a global population bubble is virtually not spoken of, in fact I may have been one of the first to openly discuss how grave a situation it currently is years ago. The concern here is perhaps not so much the population bubble itself, but what is driving it. The number one principal force which is driving the population of the world higher is soaring global debt, which is not sustainable indefinitely.
So, what does this mean?
Let’s start with this.
When an issue facing an individual or an entire population in this case is so immense, without any clear solution, it gets blocked involuntarily by the brain’s inability to cope. When an event is so far out and away from the ability of the average individual to get their head around, a self-preservation mode “kicks in.” And subsequently the reality of a given situation gets pushed out of the psyche. The medical term for this kind of coping mechanism is called “avoidance.”
The actuality is that the explosion in world population has been brought about directly by a complete and deliberate “mismanagement” of the global monetary system via the world’s central banks. And this has inflated a HUMAN BUBBLE.
The issue of exploding global debt IS NOT just a monetary issue, it is a problem relating to the availability of sustainable resources. It’s just that simple.
When we allowed Central Banks to implement a fiat monetary system (a debt based economic model), a virtual alternate reality was allowed to manifest itself. Subsequently, we all now exist in a perceived reality which would not exist! Had it not been for this debt based monetary expansion system.
This debt-based economic model has now evolved into the greatest threat facing mankind with no way out, and there lies the problem. It is now certain that a massive global loss of human life, as a direct consequence of a debt hyper-bubble, is now a mathematical certainty.
The world’s central banks are responsible for creating a “market” for their product, “currency backed by nothing,” by fostering a population boom and consumers who are dependent on their product.
This “situation/arrangement” demands that ever-increasing amounts of cash be borrowed into existence in perpetuity IN GREATER AND GREATER AMOUNTS! And therefore, an ever-growing market for their product- MORE DEBT.
This mechanism is a self-feeding one as well. This debt-based system permits and demands an ever-increasing debt to be acquired simply just to function. Therefore, as this fiat currency is borrowed into existence, resources are pulled from the future creating an environment of excess. This has allowed a global population boom and as such the demand for exponentially more debt to be borrowed into existence continually.
What must be understood by you the reader is this, without exception all “bubbles” must burst at one point and why is that you may ask?
Simple, because they rise above a level which can’t be sustained BY ANY MEANS.
The world’s central bank’s fiat monetary system has allowed a borrowing of monies from the future to live a better now. By pulling monies from the future, we have been able to acquire and have access to resources which would normally not have been available. As such we now exist in a “reality” which is not sustainable. A global ever ballooning bubble in debt has directly fueled a population boom, in fact they have risen in tandem.
It should now be clear to you that the issue of exploding global debt is not sustainable by any means. Therefore, this global HUMAN BUBBLE will burst along with the DEBT BUBBLE simultaneously… and tens of millions of people on every continent around the world will die.